Appian Corporation (NASDAQ:APPN) CEO Matthew Calkins, the Company's Largest Shareholder Sees 14% Reduction in Holdings Value
Appian Corporation (NASDAQ:APPN) CEO Matthew Calkins, the Company's Largest Shareholder Sees 14% Reduction in Holdings Value
Key Insights
關鍵見解
- Significant insider control over Appian implies vested interests in company growth
- 53% of the business is held by the top 3 shareholders
- Institutions own 36% of Appian
- 對Appian的重大內部控制意味着公司增長具有既得利益
- 53% 的業務由前三名股東持有
- 機構擁有 Appian 36% 的股份
If you want to know who really controls Appian Corporation (NASDAQ:APPN), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are individual insiders with 41% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
如果你想知道誰真正控制着Appian Corporation(納斯達克股票代碼:APPN),那麼你必須看看其股票登記處的構成。而持有最大份額的集團是擁有41%所有權的個人內部人士。換句話說,該集團面臨最大的上行潛力(或下行風險)。
As a result, insiders as a group endured the highest losses after market cap fell by US$388m.
結果,在市值下降3.88億美元之後,內部人士整體遭受了最大的損失。
Let's delve deeper into each type of owner of Appian, beginning with the chart below.
讓我們從下圖開始,深入研究Appian的每種所有者。
![ownership-breakdown](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240224/0-d80fc37b25c66a494ed149fcfda3d1c0-0-48d4a3c9b18b7d1891572e0db2e2c840.png/big)
What Does The Institutional Ownership Tell Us About Appian?
機構所有權告訴我們關於Appian的什麼?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
許多機構根據近似於當地市場的指數來衡量自己的表現。因此,他們通常會更多地關注主要指數中包含的公司。
Appian already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Appian's historic earnings and revenue below, but keep in mind there's always more to the story.
Appian已經在股票登記處設立了機構。事實上,他們擁有該公司可觀的股份。這可能表明該公司在投資界具有一定程度的信譽。但是,最好謹慎行事,不要依賴機構投資者所謂的驗證。他們也是,有時候會弄錯。當多家機構擁有一隻股票時,總是存在處於 “擁擠交易” 的風險。當這樣的交易出錯時,多方可能會競相快速出售股票。對於沒有增長曆史的公司,這種風險更高。你可以在下面看到Appian的歷史收益和收入,但請記住,故事中總是有更多內容。
![earnings-and-revenue-growth](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240224/0-d80fc37b25c66a494ed149fcfda3d1c0-1-0b3b738f276dc5f2f12695c7cae5fc75.png/big)
It would appear that 8.6% of Appian shares are controlled by hedge funds. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. With a 38% stake, CEO Matthew Calkins is the largest shareholder. With 8.6% and 6.4% of the shares outstanding respectively, Abdiel Capital Advisors, LP and The Vanguard Group, Inc. are the second and third largest shareholders.
看來Appian的8.6%的股票是由對沖基金控制的。這引起了我的注意,因爲對沖基金有時會試圖影響管理層,或者帶來能夠爲股東創造短期價值的變革。首席執行官馬修·卡爾金斯持有38%的股份,是最大股東。Abdiel Capital Advisors、LP和The Vanguard Group, Inc.分別佔已發行股份的8.6%和6.4%,是第二和第三大股東。
A more detailed study of the shareholder registry showed us that 3 of the top shareholders have a considerable amount of ownership in the company, via their 53% stake.
對股東登記處的更詳細研究表明,三大股東通過其53%的股份擁有公司的大量所有權。
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
研究機構所有權是衡量和篩選股票預期表現的好方法。通過研究分析師的情緒也可以達到同樣的目的。有不少分析師報道了該股,因此你可以很容易地研究預測的增長。
Insider Ownership Of Appian
Appian 的內部所有權
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
儘管內部人士的確切定義可能是主觀的,但幾乎每個人都認爲董事會成員是內部人士。公司管理層對董事會負責,後者應代表股東的利益。值得注意的是,有時高層管理人員自己也是董事會成員。
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
當內部所有權表明領導層像公司的真正所有者一樣思考時,內部所有權是積極的。但是,高度的內部所有權也可以賦予公司內部的一小部分人巨大的權力。在某些情況下,這可能是負面的。
Our most recent data indicates that insiders own a reasonable proportion of Appian Corporation. Insiders own US$968m worth of shares in the US$2.3b company. That's quite meaningful. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. You can click here to see if those insiders have been buying or selling.
我們最新的數據表明,內部人士擁有Appian Corporation合理比例的股份。內部人士擁有這家價值23億美元的公司價值9.68億美元的股份。這很有意義。大多數人會說,這表明了與股東的良好一致性,尤其是在如此規模的公司中。你可以點擊這裏查看這些內部人士是否在買入或賣出。
General Public Ownership
一般公有制
The general public, who are usually individual investors, hold a 14% stake in Appian. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
公衆通常是個人投資者,持有Appian14%的股份。儘管這種所有權規模可能不足以影響對他們有利的政策決定,但它們仍然可以對公司政策產生集體影響。
Next Steps:
後續步驟:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too.
我覺得看看究竟是誰擁有一家公司非常有趣。但是,要真正獲得見解,我們也需要考慮其他信息。
I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
我喜歡更深入地了解一家公司過去的表現。您可以在這張詳細圖表中找到歷史收入和收入。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果你想了解分析師對未來增長的預測,千萬不要錯過這份關於分析師預測的免費報告。
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
注意:本文中的數字是使用過去十二個月的數據計算得出的,這些數據是指截至財務報表日期當月最後一天的12個月期間。這可能與全年年度報告數據不一致。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。